AyalaLand Logistics Holdings Corp. (ALLHC) registered a net income of P247 million for the first six months of 2021, higher by 59 percent versus the same period last year.
Consoli dated revenues totaled P1.6 billion. Revenues from the sale of industrial lots amounted to P611 million, a 74 percent growth compared to last year’s P351 million as a result of bookings from Pampanga, Cavite, and Laguindingan Technoparks. Warehouse leasing revenues increased by 6 percent ending the first half at P204 million from P193 million the previous year on account of take-ups of gross leasable area completed in 2020.
Meanwhile, commercial leasing revenues from Tutuban Center and South Park Center contracted 16 percent to P219 million from last year’s P262 million given limited mall operations and granted rental assistance. Sustained office leasing operations of South Park Corporate Center mitigated the effects on mall operations with a 100 percent lease-out rate.
